6225 Hickory Flat Hwy
Canton, GA 30115
Advance Auto Parts: Canton, GA (Atlanta MSA) · Retail Property For Sale

Tenant: The Tenant under the lease is Advance Stores Company, Inc. (S&P: BBB-), a credit-rated subsidiary of Advance Auto Parts, Inc. Through its subsidiaries, Advance Auto Parts, Inc. operates as a specialty retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. Advance Auto Parts reported 2018 comparable store sales growth of 2.3%, revenue of $9.6B, and net income of $424M. The company employs approximately 71,000 people and operates 5,109 stores under the trade names of “Advance Auto Parts,” “Autopart International,” “Carquest” and “Worldpac.” Mature Location with Built-in Customer Base: Originally built in 2006, Advance Auto recently renewed their 15-year lease early (exercising the first option) out to 2026, demonstrating their continued commitment to the site. Option Rental Growth: This investment now carries an initial term of ±6.5 years with an above market rental bump of 12.5% in the first option (along with two more options at 5% increases). Excellent Access and Visibility: The property is ideally located with excellent access and visibility along Hickory Flat Highway (17,200 VPD), which provides access to downtown Canton just 7 miles to the north.